Although Black Friday’s numbers were down just a bit, the predicated number of people shopping on-line for Cyber Monday should be at record highs, according to an economist.

Although Black Friday’s numbers were down just a bit, the predicated number of people shopping on-line for Cyber Monday should be at record highs, according to an economist.

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Updated: 12:26 PM PST Dec 2, 2013

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WEBVTT BLACK FRIDAY BROUGHT IN A LOT OF MONEY FOR RETAILERS. HOW WELL DID RETAILERS DO? JOINING US IS THE CHIEF ECONOMIST FOR THE CONSUMER ASSOCIATION. HOW GOOD HAS IT BEEN SO FAR? RETAILERS HAVE BEEN COUNTING ON IT THIS YEAR. IT WAS A BUSY WEEKEND. 131 MILLION U.S. ADULTS WENT OUT AND SHOT. AN ACTIVE WEEKEND. ON THE SURFACE, IT LOOKS LIKE SALES WERE DOWN, BUT I THINK PART OF THAT IS DRIVEN BY THE FACT THAT THE LINES ARE BLURRING. WE HAVE PRE-BLACK FRIDAY DEALS, BLACK FRIDAY DEALS, IT BLEEDS INTO CYBER MONDAY AND CYBER WEEK. BY MOST ACCOUNTS, IT LOOKS LIKE CONSUMERS WERE STARTING THINGS EARLIER THIS YEAR. TODAY IS CYBER MONDAY. I SEE SOME EXPERTS SAYING THIS IS GOING TO BE BETTER THAN LAST YEAR. DO YOU HAVE THAT FEELING OR DO THE NUMBERS BACK IT? WE SAW ON THURSDAY MORE CONSUMERS TURNED OUT. MORE ARE GOING ONLINE. THEY ARE EALING MORE COMFORTABLE GOING ONLINE. CYBER MONDAY IS TYPICALLY AN ONLINE SALES EVENT. MORE CONSUMERS WANT TO SHOP ON CYBER MONDAY BEEN IN PAST YEARS. ABOUT 41 MILLION SAID THEY WILL GET OUT AND SHOP THIS CYBER MONDAY. THAT IS UP FROM LAST YEAR. THERE IS MORE INTEREST IN THE HOLIDAY. RETAILERS ARE EXPANDING. IT IS NO LONGER JUST A DAY. MANY ARE OFFERING CYBER WEEK DEALS TO CONTINUE THE SELLING SEASON. WHAT TYPES OF DEALS ARE OUT THERE? SOME OF THE SIMILAR DEALS YOU SAW ON THE WEEKEND. ELECTRONICS, TABLETS DID VERY WELL OVER THE WEEKEND. WE HAD ALMOST 300 DIFFERENT PROMOTIONS NATIONALLY FOR TABLETS. I EXPECT THAT WILL CONTINUE AS WE HEAD INTO CYBER MONDAY AND I'VE ARE WEEK. OTHER CATEGORIES FROM THE WEEKEND, LAPTOP COMPUTERS, SMARTPHONES DID WELL. WE EXPECT TO CONTINUE TO SEE DEALS THERE. ANYTHING RELATED TO THE MOBILE EXPERIENCE, HEADPHONE, BLUETOOTH SPEAKERS, ALL OF THOSE SET TO DO WELL. WE APPRECIATE YOUR TIME.

Economist: Cyber Monday numbers look promising

Although Black Friday’s numbers were down just a bit, the predicated number of people shopping on-line for Cyber Monday should be at record highs, according to an economist.